(11-Feb-2010 Hours IST)
Colgate Palmolive (India) Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2010, considered and approved a Scheme of Amalgamation which provides for the merger of Professional Oral Care Products Pvt Ltd ('Professional Oral'), a wholly owned subsidiary of the Company with itself. The Appointed Date for the Scheme of Amalgamation is April 01, 2009. The entire equity share capital of Professional Oral is held by the Company. Therefore, upon the Scheme becoming effective the entire equity share capital of Professional Oral will stand automatically cancelled and there will be no issue and allotment shares pursuant to the Scheme. The Scheme of Amalgamation is, inter alia, subject to the necessary approvals under the Companies Act, 1956 including the High Court of Bombay at Goa. Colgate Palmolive (India) Ltd has informed BSE that Professional Oral Care Products Pvt. Ltd., a wholly owned subsidiary of the Company, had applied to the High Court of Bombay at Goa for sanctioning of the Scheme of Amalgamation of Professional Oral Care Products Pvt. Ltd. with the Company. The High Court by its order dated April 16, 2010 has sanctioned the said Scheme of Amalgamation. The said amalgamation has become finally effective on May 01, 2010, being the date on which the High Court's order has been filed with the Registrar of Companies, Goa. (As Per BSE Announcement Dated on 01/05/2010)
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